Special Purpose A to D Converter Market Expected to Reach $724.5 Million by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Special Purpose A to D Converter Market," The special purpose a to d converter market was valued at $403.76 million in 2021, and is estimated to reach $724.5 million by 2031, growing at a CAGR of 6.5% from 2022 to 2031.

The change of one data resolution into another is known as data conversion. An analog signal, such as voltage, is converted to a digital form by an analog-to-digital converter (ADC) so that a microcontroller can read and process it. Special-purpose Analog-to-Digital Converters (ADCs) carry out specialized tasks such dual-slope conversion, voltage-to-frequency conversion, frequency-to-voltage conversion, and conversion between 312-digit binary and Binary-Coded Decimal (BCD). These devices can be used in conjunction with other operations, such as powering LCDs or LEDs (LEDs). The special purpose ADCs provide noise rejection and customizable speed and resolution trade-offs to the dual-slope community. These devices are therefore appropriate for a range of data acquisition systems, including high-precision DC measurements, sensor interfaces, portable instruments, computer peripheral interfaces, and precision analogue signal processors. Special purpose ADCs are used in digital oscilloscopes. Digital oscilloscopes are widely used in the automotive industry to troubleshoot inconsistencies and potential problems in ignition systems, solenoids, sensors, actuators, and communication data streams. The demand for oscilloscopes and special purpose ADC is being fueled by this as well as the rising adoption of connected motorcycles due to the increased focus on driver safety and the growing desires for a comfortable and safe riding experience. Apart from this, it is incorporated into medical equipment, such as MRI and x-ray, to convert analog to digital images prior to modification. As a result of the rising incidence of chronic diseases, the application of special purpose ADC in the healthcare sector is being driven by the growing demand for medical imaging techniques.  

In addition, it is projected that the advent of the Fourth Industrial Revolution (Industry 4.0), together with the rising trend of precision manufacturing, will spur demand for special purpose ADC in industrial automation and create lucrative growth possibilities to market competitors. For instance, Texas Instruments (TI) introduced the smallest 24-bit wideband ADC in December 2021, providing the best signal measurement precision in the market at wider bandwidths than rival ADCs. The ADS127L11, a brand-new product in TI's line of precision wideband ADCs, offers ultra-precise data acquisition in a 50% smaller package, dramatically reducing power consumption, improving resolution, and expanding measurement bandwidth for a variety of industrial systems.  

The outbreak of COVID-19 has significantly impacted the growth of the global special purpose A/D converter sector in 2020, owing to the significant impact on prime players operating in the supply chain. On the contrary, the market was principally hit by several obstacles amid the COVID-19 pandemic, such as a lack of skilled workforce availability and delay or cancelation of projects due to partial or complete lockdowns, globally.  

Country-wise, China holds a significant share in the global special purpose A/D converter market trends, owing to the presence of prime players. Major organizations and government institutions in the country are intensely putting resources into these global automotive data cables, these prime sectors have strengthened the special purpose A/D converter market growth in the region.  

KEY FINDINGS OF THE STUDY 

• In 2021, by resolution, the 12-bit segment accounted for maximum revenue and is projected to grow at a notable CAGR during the forecast period according to the special purpose A/D converter market size. 

• Based on the special purpose A/D converter market analysis, by application, the IT and Telecom segment was the highest revenue contributor to the market, with $136.06 million in 2021. 

• China contributed the major share in the special purpose A/D converter market share, accounting for the highest revenue share in 2021.  

The special purpose A/D converter market key players profiled in the report include Adafruit Industries, Analog Devices, Inc., Cirrus Logic, Inc., Infineon Technologies AG, Microchip, NTE Electronics, Inc., NXP Semiconductor, Power Integrations, Renesas, Texas Instruments Incorporated. Market players have adopted various strategies, such as product launches, collaborations & partnerships, joint ventures, and acquisitions to expand their foothold in the special purpose A/D converter Industry.